Alpha Geek

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Category > Accounting Posted 15 May 2017 My Price 3.00

Stern Company has 100,000 shares of common stock and 20,000

 

Stern Company has 100,000 shares of common stock and 20,000 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. Preferred stockholders received dividends totaling $140,000 during the year. Common stockholders received dividends totaling $210,000. If the dividend payout ratio was 70%, then the net income was:
 
 

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Alpha Geek
(8)
Status NEW Posted 15 May 2017 04:05 PM My Price 3.00

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Attachments

file 1494865162-1757505_1_636300946060578768_IRR.xlsx preview (14 words )
Pr-----------efe-----------rre-----------d s-----------toc-----------k's----------- di-----------vid-----------end-----------Com-----------mon----------- St-----------ock----------- ho-----------lde-----------r's----------- di-----------vid-----------end-----------DPR-----------DPR-----------= -----------(Di-----------vid-----------end----------- - -----------Pre-----------fer-----------red----------- st-----------ock-----------'s -----------div-----------ide-----------nd)-----------/Ne-----------t I-----------nco-----------meB------------AN-----------et -----------Inc-----------ome----------- -----------
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